Washington University Workers Want Retirement Plan Suit Revived

Employees of Washington University in St. Louis asked a federal appeals court to revive their challenge to the school’s retirement plan based on U.S. Supreme Court precedent recognizing a fiduciary’s duty to monitor investments.

The plan’s fiduciaries didn’t act prudently when they failed to monitor the plan’s investments and record-keeping fees, the workers told the U.S. Court of Appeals for the Eighth Circuit Jan. 9.